CARACAS (Reuters) - Venezuelan President Nicolas Maduro on Wednesday named legislator Ramon Lobo as the country's new economy czar and tapped oil industry veteran Nelson Martinez, who has led U.S. owned refiner Citgo [PDVSAC.UL], to serve as oil minister.

Eulogio Del Pino, who has been serving as both oil minister and president of state oil company PDVSA, will stay on as president of PDVSA [PDVSA.UL], Maduro said during a televised broadcast.